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Additional thoughts.
Everyone, in looking at how certain businesses such as ENRON can hide their actual business dealings, this says a lot about the way the corporations prevent information from leaking to the regulatory authorities!! Corporate scandals of today demonstrate this in a big-time way!!
And today we have so many shocks to Wall Street, and to the public in general. What was particularly devastating about corporate collapse seems so sudden because only a few months before the announcement of hundreds of millions of dollars in losses, these companies claim to be making billion-dollar profits. So, in addressing this very key concern about how we do not hear anything until it is in the news, what guidelines must be put in place to create more transparency with these types of companies? Is the SEC given enough power in terms of controlling the way that this information comes out to the public?
Second, especially given the corporate environment that we live in today, in which there is such a high degree of mistrust, we must rely upon the media more than ever to give us reliable information! How can we demand that the new media step up and report corporate scandals, and all aspects of news, in an accurate and informative way?
How is superior theory of comparative advantage of David Rivardo to the theory of absolute advantage Adam Smith? How the gains from trade comparative advantages emerge? Discuss the empirical evidence that supports the Ricardian model.
Describe the topic and the policy question; Provide statistical data that is relevant to a decision on the policy question; Then choose your position and defend it using the data, economic theory and logic.
US imports oil at the world price, $55 per barrel. The domestic supply curve in barrels per day is S = 2500000 + 250000P with P in dollars. Domestic demand curve is D = 70,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
Describe and explain economic conditions of Tech Bubble/Bust for the 1990's.
In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)? Prospective customers must be categorized according to willingness-to-pay.
What is meant by culture of compliance. Is the concept applied consistently? In which countries or contexts does this arise? Is it likely to continue to be a factor in regulatory or ethical decisions? What can one do within an organization to foster ..
You've just accepted a lucrative consulting contract with a medium sized local manufacturing firm to help improve the efficiency of their manufacturing.
Suppose that the government places a ceiling on the price of a medical drug below the equilibrium price. Explain why there is a shortage of the medical drug at the new ceiling price.
The wheat industry faces the following demand and supply curves: Qd = 800 - 4P Qs = 100 + 3P 41. Determine the equilibrium price and quantity. Calculate the income of all farmers in the wheat industry at the equilibrium point. Calculate the income of..
Consider an economy with the following Cobb-Douglass production function: Derive the equation describing labor demand in this economy as a function of the real wage and capital. The economy has 27,000 units of capital and a labor force of 1000 worker..
The remainder of the paper should support and explain your position. The paper should include at least three graphs developed in our course and define all economic concepts used to build your argument. The topic is: The Rise and Fall of the Housin..
Met's preferences over consumption is defined by the following utility function: u(c1,c2) = min[c1,2c2] . Note, c1 is Met's consumption today and c2 is Met's consumption next period. Derive Met's demand for consumption today and consumption next peri..
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